Growing construction, mining and agriculture industries and continuous
expanding infrastructure and industrial sectors to drive Europe & CIS OTR
tire market through 2022
According to TechSci Research
report, “Europe
& CIS OTR Tire Market By Vehicle Type, By Country, Competition
Forecast and Opportunities, 2022”, the OTR tire market in Europe is estimated
to reach $ 3 billion in 2017. On the basis of vehicle type, Europe & CIS OTR tire
market has been broadly classified into three categories, namely, Mining,
Construction & Industrial Equipment; Agriculture Vehicles; and Others. Among
these categories, mining, construction & industrial equipment dominated the
region’s OTR tire market in 2016, and the segment is expected to maintain its
dominance over the next five years as well.
Browse 10 market data Tables and 33 Figures spread
through 87 Pages and an in-depth TOC on "Europe
& CIS OTR Tire Market" https://www.techsciresearch.com/report/europe-otr-tire-market-by-vehicle-type-mining-construction-industrial-equipment-agriculture-vehicles-and-others-by-country-competition-forecast-and-opportunities/1097.html
Growing per capita income and continuous launch
of new OTR vehicle models are some of the key factors expected to drive Europe &
CIS OTR tire market during forecast period. Demand for OTR tires is growing with large-scale
development activities in construction, mining and industrial sectors in Europe
& CIS region. Moreover, government support in the form
of tax subsidies & incentive policies for infrastructure development and
megaprojects is expected to aid the region’s OTR tire market during 2017 – 2022.
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“Over the past few years,
demand for OTR tires across the region witnessed moderate growth owing to
rising demand for OTR vehicles for mining and construction activities. This has
been fueling OTR tire sales in the region. Moreover, this trend is expected to
continue in coming years as well.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Europe & CIS OTR
Tire Market By Vehicle Type, By Country, Competition Forecast and Opportunities,
2022” has analyzed the potential of Europe
& CIS OTR tire market, and provides information and statistics on market
structure, imports and trends. The report intends in providing the intending
clients with cutting-edge market intelligence and help them in taking sound investment
decisions. The report also identifies and analyzes emerging trends along with
essential drivers and key challenges faced by the industry.
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